Buffett to Donate $37 Billion to Gates Foundation And Other Charities
Charity News Online
Billionaire investor Warren Buffett, chairman of Berkshire Hathaway Inc. and one of the world's wealthiest men, plans to donate the bulk of his $44 billion fortune to the Bill & Melinda Gates Foundation and four other philanthropies starting in July.
Mr. Buffett will hand 10 million shares in his Berkshire Hathaway firm to the Bill and Melinda Gates Foundation, the BBC reported. The donations represent a singular and historic act of charitable giving that vaults him into the top tier of industrialists and entrepreneurs like Andrew Carnegie, John D. Rockefeller Sr., Henry Ford, J. Paul Getty, W. K. Kellogg and Mr. Gates himself, all men whose fortunes have endowed some of the world's richest private foundations, The New York Times wrote Monday.
In a statement, Bill and Melinda Gates said they were "awed" by the donation, thought to be the largest charitable gift ever made in the United States. The foundation aims to fight disease and promote education around the world. News of the donation comes shortly after Bill Gates announced he is to step away from his day-to-day role at software giant Microsoft.
Warren Buffet, known as "the oracle of Omaha" -- after the Nebraska city where he still lives -- for his relentless success in investments, is worth an estimated $44bn, according to Forbes magazine.
Warren Buffet, charity, donation,
Bill Gates, Gates Foundation
Charity News Online
Billionaire investor Warren Buffett, chairman of Berkshire Hathaway Inc. and one of the world's wealthiest men, plans to donate the bulk of his $44 billion fortune to the Bill & Melinda Gates Foundation and four other philanthropies starting in July.
Mr. Buffett will hand 10 million shares in his Berkshire Hathaway firm to the Bill and Melinda Gates Foundation, the BBC reported. The donations represent a singular and historic act of charitable giving that vaults him into the top tier of industrialists and entrepreneurs like Andrew Carnegie, John D. Rockefeller Sr., Henry Ford, J. Paul Getty, W. K. Kellogg and Mr. Gates himself, all men whose fortunes have endowed some of the world's richest private foundations, The New York Times wrote Monday.
In a statement, Bill and Melinda Gates said they were "awed" by the donation, thought to be the largest charitable gift ever made in the United States. The foundation aims to fight disease and promote education around the world. News of the donation comes shortly after Bill Gates announced he is to step away from his day-to-day role at software giant Microsoft.
Warren Buffet, known as "the oracle of Omaha" -- after the Nebraska city where he still lives -- for his relentless success in investments, is worth an estimated $44bn, according to Forbes magazine.
Warren Buffet, charity, donation,
Bill Gates, Gates Foundation
posted by Lisa Vronskaya at 9:57 AM
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